The export situation of medium and low-end textiles is grim
India’s ban on cotton exports is actually to improve the competitiveness of end-use textiles in the international market. In recent years, India has become a rival of major textile exporting countries such as China in the international market, especially in low-end textiles. India relies on its advantages of low raw material costs and labor costs to continuously encroach on China’s international market share. Although the overall technical level and transportation conditions of India’s domestic textile industry are not as good as those of China, its price advantage currently poses a greater threat to China’s mid- to low-end textile and apparel exports. We believe that the future export situation of China’s mid- to low-end textiles will remain severe. We believe that the current domestic leading enterprises in the textile sub-industry have more advantages in R&D, technology and equipment and will become the main force in the country to undertake medium and high-end textile raw materials from Europe, the United States, Japan and South Korea in the next few years. Therefore, we believe that we should still focus on textiles in the future. Leading companies in various sub-sectors of the industry.
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